Fort Lauderdale, FL (PRWEB) October 31, 2012
In an unexpected move, Liberty International Holding Corp. announced today that Joseph Korbar Jr. will replace founder Christopher Anzalone as President and CEO.
Anzalone, through his tenure, created an irreducible pattern of excellence. He took Liberty from a private entity to a publicly traded company valued at more than $40 million in the midst of a market downturn.
“We are please to adjust to a faster than expected pace of growth,” says Anzalone. “Korbar is the right executive coming aboard at the right time as I now focus on strategic relationships needed to expand globally and increase shareholder value.” Anzalone will remain Chairman of the Liberty board of directors.
The incoming Korbar is a seasoned financial executive with decades of experience in the Capital Markets and high-end commercial real estate. Most recently, Mr. Korbar was a Managing Director and Co-Chief Investment Officer of the Carlton Group where he was responsible for raising over $500 million in debt and equity and the closing of over $20 billion in loans and REO properties in North America and Europe.
Liberty also announced today the addition of Eric Halter, real estate lending expert, and Stephen A. Rich, an International financial expert and wealth manager, as new members of the Liberty board of directors.
Liberty trades OTC under the symbol (LIHC) while seeking NASDAQ listing.